5 best swing trading ideas for the week

5paisa research provides investors with the best short-term and long-term investing ideas. Every morning we offer 5 best stocks to buy, in the afternoon we provide five best buy today and sell tomorrow (BTST) ideas, while at the beginning of every week we provide five best swing trading ideas. We regularly update our success rate and issue special commentary during special market events.

Swing Trading

Swing Trading is a kind of fundamental trading strategy where positions are held for more than a single day. Since corporate fundamentals generally require several days or even a week to cause sufficient price movement to render a reasonable profit, most swing traders are also considered fundamentalists as well.

Some others also explain swing trading as a trading strategy in the middle of day trading and trend trading. While day traders hold stocks not more than a day the trend trader holds stocks as for a week or even a month or months based on fundamental trends. Swing traders trade in a particular stock based on intra-week or intra-month oscillations between pessimism and optimism.

Here is the list of 5 best swing trading strategies for the week

HLE GLASSCOAT (HLEGLASS)

Action: Buy

Current market price: 5175

Stop loss: 5040

Target 1: 5350

Target 2: 5520

Reason: Strong volumes seen for HLE Glass share

AVENUE SUPERMARTS (DMART)

Action: Buy

Current market price: 4240

Stop loss: 4100

Target 1: 4430

Target 2: 4600

Reason: Momentum is positive for DMART share

TATA ELXSI (TATAELXSI)

Action: Buy

Current market price: 5491

Stop loss: 5135

Target 1: 5650

Target 2: 5800

Reason: Further buying is expected for Tata Elxsi share

VENKEY'S INDIA (VENKEYS)

Action: Buy

Current market price: 3060

Stop loss: 2975

Target 1: 3130

Target 2: 3250

Reason: Sideways move is likely to end for Venkey’s India share

DCM SHRIRAM (DCMSHRIRAM)

Action: Buy

Current market price: 1037

Stop loss: 1000

Target 1: 1065

Target 2: 1110

Reasons: Uptrend is expected to start in DCM Shriram stock